BidaskClub downgraded shares of Galapagos NV (NASDAQ:GLPG) from a hold rating to a sell rating in a report published on Saturday morning.

Several other research analysts have also recently issued reports on the company. Janney Montgomery Scott raised Galapagos NV from a sell rating to a neutral rating in a report on Friday, July 7th. They noted that the move was a valuation call. Nomura dropped their price target on Galapagos NV from $108.00 to $121.00 and set a buy rating on the stock in a report on Thursday, June 22nd. Cowen and Company reaffirmed a buy rating on shares of Galapagos NV in a report on Wednesday, June 21st. Stifel Nicolaus upped their price target on Galapagos NV from $65.00 to $83.00 and gave the company a hold rating in a report on Monday, May 1st. Finally, TheStreet raised Galapagos NV from a d+ rating to a c rating in a report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $93.33.

Shares of Galapagos NV (NASDAQ:GLPG) opened at 73.90 on Friday. The firm’s market cap is $3.76 billion. Galapagos NV has a 12-month low of $52.50 and a 12-month high of $94.88. The company has a 50 day moving average price of $78.01 and a 200-day moving average price of $78.77.

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A number of institutional investors have recently bought and sold shares of the company. Federated Investors Inc. PA boosted its position in Galapagos NV by 36.8% in the second quarter. Federated Investors Inc. PA now owns 1,364,600 shares of the biotechnology company’s stock valued at $104,419,000 after buying an additional 366,800 shares during the last quarter. Wellington Management Group LLP boosted its position in Galapagos NV by 9.5% in the first quarter. Wellington Management Group LLP now owns 458,088 shares of the biotechnology company’s stock valued at $39,483,000 after buying an additional 39,729 shares during the last quarter. Renaissance Technologies LLC boosted its position in Galapagos NV by 51.4% in the first quarter. Renaissance Technologies LLC now owns 311,200 shares of the biotechnology company’s stock valued at $26,822,000 after buying an additional 105,700 shares during the last quarter. Clough Capital Partners L P boosted its position in Galapagos NV by 336.1% in the first quarter. Clough Capital Partners L P now owns 74,870 shares of the biotechnology company’s stock valued at $6,453,000 after buying an additional 57,700 shares during the last quarter. Finally, Alps Advisors Inc. boosted its position in Galapagos NV by 15.6% in the second quarter. Alps Advisors Inc. now owns 45,868 shares of the biotechnology company’s stock valued at $3,510,000 after buying an additional 6,200 shares during the last quarter. Hedge funds and other institutional investors own 19.99% of the company’s stock.

About Galapagos NV

Galapagos NV is a Belgium-based biotechnology company. The Company’s activities are divided into two operating divisions: Research and Development (R & D) and Services. The R & D division is engaged in the discovery and development of small molecules. The Services division, offers target-to-drug discovery products and services to pharmaceutical and biotechnology companies and to patient foundations, encompassing target discovery and validation, screening and drug discovery through to delivery of pre-clinical candidates.

Analyst Recommendations for Galapagos NV (NASDAQ:GLPG)

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